flynn23 wrote:
I completely agree with you and as I said, people need to go to jail for this behavior. But it's a slippery slope (I hate that phrase, but what else?) when you intervene like this. The biggest problem we're facing right now is too much dinking with what should be a free flowing market.

Except it's not a free flowing market, it's a river dammed by the giant corpses of gazillion dollar banks and corporations. "Dinking" with it isn't going to do anything, someone needs to grab a corpse or two, engage in a bit of necrophilic bestiality and scare the bejeezus out of the ones standing on the river bank.

The transparency veil needs to be lifted, and more data sharing needs to occur, but that's it. Setting caps on compensation poisons the well and affects other industries where demand is high and supply low. Especially given the fact that other countries have become more competitive in their pay ranges.

Setting caps on compensation for companies operating under bailout does nothing of the sort. It says the people there are too dumb to chew food, and will be paid accordingly. And if you're worried about them getting headhunted by some other company, why would we miss them?

RE: Looting AIG